Listing ID: 84082
Well established business with beer/wine and lottery running successfully on a busy route MA-123
Offering Grocery, Cigarettes, beer/wine and lottery with screen keno. Excellent visible location in a strip plaza with ample parking for customers.
Well organized and well equipped with a 5 door walking cooler and ATM, Money transfer, Bill Payment service. Affordable rent and possible to get a new lease.
Current owner operates business since 2007 and wants to retire.
A great opportunity to take over a money making business! Do not miss!
Average Gross sale per year approx.440 K ( Excludes Lottery sale)
Lottery Commission 100K+ in the year 2021
ATM Commission: 6400/yr approx.
Money transfer:1200/yr approx.
Bill Payment: 1500/yr approx.
Rent : 2000/month
For more information call Wasim at 617-599-8185
Buyer to sign NDA to receive more details
Information regarding business for sale is provided by seller and other
sources is not verified in any way by Green Star Realty or it’s salesperson,
and has no knowledge of accuracy of said information and makes no
warranty, express or implied, as to the accuracy of such information Buyer to
do his own due diligence
- Asking Price: $224,500
- Cash Flow: $100,000
- Gross Revenue: $440,000
- EBITDA: N/A
- FF&E: $100,000
- Inventory: $35,000
- Inventory Included: N/A
- Established: 2007
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:N/A
- Furniture, Fixtures and Equipment:N/A
Approx. 1200 sqft size store in a strip plaza with amole parking for customers
The company was founded in 2007, making the business 15 years old.
The sale doesn't include inventory valued at $35,000*, which ins't included in the suggested price.
Why is the Current Owner Selling The Business?
There are all kinds of reasons people decide to sell companies. Nevertheless, the genuine factor vs the one they tell you might be 2 absolutely different things. As an example, they may state "I have a lot of other obligations" or "I am retiring". For numerous sellers, these factors stand. But, for some, these may simply be reasons to attempt to hide the reality of altering demographics, increased competition, recent reduction in revenues, or an array of other reasons. This is why it is really vital that you not count totally on a vendor's word, but instead, utilize the seller's answer in conjunction with your total due diligence. This will repaint an extra practical image of the business's existing scenario.
Existing Debts and Future Obligations
If the existing company is in debt, which numerous companies are, then you will certainly need to consider this when valuating/preparing your deal. Lots of operating businesses finance loans so as to cover points like stock, payroll, accounts payable, and so on. Remember that sometimes this can imply that profit margins are too small. Lots of companies fall under a revolving door of taking on debt as a way to pay back other loans. In addition to debts, there may additionally be future commitments to consider. There may be an outstanding lease on equipment or the building where the business resides. The business might have existing agreements with vendors that must be satisfied or may result in charges if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do companies in the area bring in new customers? Many times, companies have repeat consumers, which form the core of their day-to-day profits. Particular aspects such as new competitors sprouting up around the area, roadway construction, and also personnel turnover can influence repeat customers and also adversely impact future earnings. One vital point to consider is the placement of the business. Is it in a highly trafficked shopping center, or is it hidden from the main road? Clearly, the more people that see the business on a regular basis, the better the chance to develop a returning consumer base. A final idea is the general area demographics. Is the business placed in a densely populated city, or is it located on the outskirts of town? Just how might the local average house earnings impact future earnings potential?